DTN Closing Grain Comments 04/21 13:50

DTN Closing Grain Comments 04/21 13:50 Wheat and Corn Turn Sharply Lower, With Soybeans Slightly Higher Wheat plunged for the third consecutive day on profit-taking, with corn futures not far behind. Soybeans and meal were modestly lower early, with only beans recovering to finish in the black. Soybean oil was the big bull, with July forging another new contract high and finishing with the seventh straight higher close. There is little doubt that bean oil was supported by the early strength in crude oil. Dana Mantini Senior Market Analyst GENERAL COMMENTS: July corn closed down 14 3/4 cents per bushel, and December corn was down 9 3/4 cents. July soybeans closed up 2 1/2 cents, and November soybeans were up 2 1/4 cents. July KC wheat closed down 26 cents, July Chicago wheat was down 21 cents and July Minneapolis wheat was down 18 1/4 cents. The June U.S. Dollar Index is trading up 0.148 at 100.565. The Dow Jones Industrial Average is down 130.04 points at 35,030.75. June gold is down $8.60 at $1,947.00, May silver is down $0.69 at $24.59, and May copper is up $0.0330 at $4.6850. June crude oil is up $1.27 at $103.46, June heating oil is down $0.0375, June RBOB is up $0.0512, and May natural gas is up $0.029.